Volume 9, Issue 3, March – 2024
ISSN No:-2456-2165
Economic Development after Covid
T.J. Krithika1
Assistant Professor
1 2
Department of Computer Science,
Dr N.G.P Arts and Science College
D. Saranya3
Student
3 4
Department of Commerce with Information Technology,
Dr N.G.P Arts and Science College
Abstract:- The identification of Covid cases in China
marked the beginning of a global crisis. The virus was
first discovered in early 2020, leading to the lockdown of
Wuhan city. Subsequently, it spread to India and the rest
of the world, causing significant changes in the global
economy. This article highlights various economic
developments that have occurred during the Covid
period, including the growth of the internet,
advancements in the medical field, improvements in the
IT sector, increased online transactions, enhanced family
interactions, and improved healthcare for the people.
However, it is important to acknowledge that the
outbreak of the Covid-19 pandemic is a tragic event
unfolding worldwide, reminiscent of the Spanish flu
outbreak in 1918-19. Given the considerable uncertainty
surrounding the economic outlook and the associated
risks, quantifying the economic impact is challenging.
Any unforeseen increase in uncertainty can jeopardize
both economic growth and financial stability. In light of
this, economists at the International Monetary Fund
emphasize the need for targeted economic policies, fiscal
measures, and appropriate monetary and financial
stability policies to strengthen the global economy.
Keywords:- Pandemic, Covid, Population, IT Sector, People,
Economy, Government.
I. INTRODUCTION
Several cases of covid-19 were identified in China by
the end of 2019. From the discovery of the virus in early
2020 until the "lock down" of Wuhan city on January 23,
2020, a total of 830 cases were confirmed. To reduce
population mobility across regions, the Chinese government
extended the Chinese New Year holiday. Social distancing
and community quarantine procedures were implemented to
slow down the spread of the virus. By February 16, 2020,
more than 70,000 cases had been confirmed nationwide, but
the number of new cases started to decline while the number
of cured cases increased significantly. After a strenuous
battle against the pandemic, Wuhan City reopened on April
8. Since then, only sporadic imported infections have been
detected and effectively managed in a few regions, and
China has not experienced a second wave of a massive
IJISRT24MAR1049 www.ijisrt.com
International Journal of Innovative Science and Research Technology
https://doi.org/10.38124/ijisrt/IJISRT24MAR1049
B. Hema2
Student
Department of Commerce with Information Technology,
Dr N.G.P Arts and Science College
K.R. Trishala4
Student
Department of Commerce with Information Technology,
Dr N.G.P Arts and Science College
outbreak. On May 23, 2021, a newly discovered COVID-19
patient in Guangzhou was confirmed to be infected with the
"delta variant" of the novel coronavirus. Fortunately, due to
regional lockdowns and strict epidemic control measures,
the spread was quickly contained. These facts highlight the
importance of timely and effective infectious disease
prevention and intervention measures implemented by the
government. However, it is important to note that
controlling infectious diseases requires limiting resident
mobility and economic activities, which significantly
impacts both the demand and supply of the economy.
Additionally, the fight against the pandemic has delayed the
resumption of production in various industries and incurred
additional prevention costs, greatly affecting economic
output. Therefore, it is crucial for authorities to strike a
balance between efforts to control the epidemic and the
resumption of economic activity.
II. INTERNET GROWTH
In the beginning of 2020, the internet penetration rate
in India had reached 50%, indicating that half of the
population was already utilizing the internet. This growth
was particularly significant considering that in 2015, only
19% of the population actively used the internet, with a user
base of 243 million individuals. According to data
estimations from the atlas VPN research team, India is
projected to have 1 billion internet users by 2025. This surge
in internet users is highly beneficial for both the Indian
public and businesses, as it brings forth new opportunities
and creates employment for millions of people, leading to
the rapid development of India's digital landscape. The
lockdown imposed due to the coronavirus pandemic has
further amplified this trend. Even children attending primary
school, government schools, or residing in rural areas are
now participating in online classes, resulting in a significant
increase in internet usage. The availability of information,
education, social media, gaming, and entertainment,
particularly sports, are driving the adoption of the internet.
During these times of social distancing, users are compelled
to explore and experiment with various digital solutions,
accessing services and their advantages from the comfort of
their homes. This has caused a monumental shift in both the
adoption and frequency of internet usage.
2318
Volume 9, Issue 3, March – 2024
ISSN No:-2456-2165
 Internet
Today it can be said that the world has come at the
world has come at the fingertips. The main factor for this is
the internet. It is no exaggeration to say that the internet is a
means of communication that can be used to communicate
Over large areas and at high speeds at the same time. The
computer can be said to be greatest invention of the
twentieth century. The next step is the internet, which is
used as a means of communication around the world
through computers.
 Web
Several computers in an office are connected through a
serial link. Computers in many locations through satellites
called the internet. It’s is also called a website because it
connects many parts of the world like. We can type in a
specific email address and go to the website we need to
collect the information.
 Technique
Several computers are information and information
from it is transmitted to the satellite. Information from the
satellite. Information from the satellite to another master
computer sends information to other computers connected to
it. This service is provided by VSNL. Government owned
companies and other private companies are doing it.
 Usage
The internet is the biggest medium of communication
today. Modem treatment in medicine as well. The website
contributes greatly to gathering information needed for
surgeries and direct communication with western medical
experts to collect medical. Now a days, magazines are also
published on the internet. Using this, there is an opportunity
for the public to know global information. It is noteworthy
that today international companies use the internet rather
than the post office to exchange information. In addition, the
information needed by the students in the education sector
can be collected and used by going to the website with a
specific email address. However, it is regrettable that some
people misuse the website and view pornography. We will
use the good information medium internet for good works
and improve the communication sector.
 Search Site
There are some search engines that let us know the
address of a website about a particular field. With the help of
these we can reach the required website.
III. AT THE TIME OF COVID
The telecom sector has experienced remarkable digital
transformations in the country, thanks to the pandemic
acting as a catalyst. This has had a positive impact on start-
ups and the growth of small and mid-sized businesses. The
pandemic has introduced us to a new way of life, where
various aspects of our ecosystem, such as work, education,
entertainment, social interactions, e-marketing, digital
payments, and even medical consultations, are now
conducted online. As a result, there has been a significant
increase in internet data usage, with 84% of users accessing
IJISRT24MAR1049 www.ijisrt.com
International Journal of Innovative Science and Research Technology
https://doi.org/10.38124/ijisrt/IJISRT24MAR1049
the internet for entertainment purposes. This surge in
internet usage can be attributed to the lockdown measures
implemented due to the coronavirus. Even children,
including those attending primary or government schools, as
well as those in rural areas, are now attending online classes,
further contributing to the increased internet usage.
Additionally, access to information, education, social media,
gaming, and entertainment has become more prevalent in
this digital era.
 The Number of Internet users Surged during the Covid
Pandemic
Fig 1 The Number of Internet users Surged during the Covid
Pandemic
 This picture shows the internet users during the period of
covid.
IV. NEW TECHNOLOGY IN MEDICAL FIELD
A. Telemedicine
Telehealth has proven to be a valuable tool in
controlling the transmission of COVID-19. Virtual care
platforms, utilizing video conferencing and digital
monitoring, have been deployed globally to minimize
exposure to the virus. When executed efficiently, virtual care
has the potential to reduce healthcare misdiagnoses, privacy
breaches, and more. Despite the apprehensions, the current
pandemic has underscored the critical need to leverage
technology for making healthcare accessible to all. These
systems can be tailored to provide early intervention,
enabling early disease detection and aiding patients in
managing chronic conditions. In Canada, for instance, the
number of video visits surged from around 1,000 per day in
February to 14,000 per day by mid-May. Additionally,
artificial intelligence has emerged as a valuable resource in
expediting the diagnosis and risk assessment of COVID-19.
For instance, in China, cloud-based technology has been
utilized to identify COVID-19 pneumonia cases by
2319
Volume 9, Issue 3, March – 2024
ISSN No:-2456-2165
processing CT images rapidly, distinguishing the virus from
other lung diseases and expediting the diagnostic process
significantly. Furthermore, innovative tools like Sonavi
Labs' flix, a digital stethoscope and software designed to
diagnose respiratory conditions, have been instrumental in
creating a reference library of clean audio files for COVID-
19 at the American hospital in Dubai. Ellington West, the
CEO & Co-Founder of Sonavi Labs, expressed optimism
about the potential of their technology in identifying the
unique acoustic signature of COVID-19, similar to how it
has been successful in diagnosing pneumonia. By collecting
and analysing data, the aim is to validate the classification
algorithm for COVID-19, enabling all devices to detect the
disease swiftly, accurately, and sustainably. The ongoing
coronavirus crisis has placed immense strain on healthcare
workers and hospitals, overwhelming them with the influx
of patients.
 The Application of Artificial Intelligence (AI) Technology
in the Field of Telemedicine has Revolutionized the way
Healthcare Services are Delivered.
Fig 2 Application of Artificial Intelligence (AI) Technology
 The above Image Depicts Advancements in Medical
Technology.
PPE, which includes facemasks, gloves, eye protection,
and clothing, has been in high demand during the COVID-
19 pandemic. Hospitals have also faced shortages of
essential items such as testing swabs, kits, respirators, and
ventilators. Sr. Paul Frisch, Chief of Biomedical Physics and
Engineering at Memorial Sloan Kettering Cancer Centre in
New York City, highlighted the importance of ICU care and
ventilation for COVID-19 patients. To address the shortage
of ventilators and supplies like nasal swabs and N95 masks,
hospitals have turned to innovative solutions such as 3D
printing. Advancements in technology, such as connected
medical devices, have also played a significant role in the
healthcare sector. In China, for example, the use of 5G
network-powered telemedicine consultations has allowed for
efficient medical treatment and responses to COVID-19.
This shift towards connected healthcare has enabled real-
IJISRT24MAR1049 www.ijisrt.com
International Journal of Innovative Science and Research Technology
https://doi.org/10.38124/ijisrt/IJISRT24MAR1049
time monitoring of medical data, leading to continuous
healthcare and improved patient care. Marwan Abdulaziz
Janahi, Managing Director of Dubai Science Park,
emphasized the transformative impact of these
advancements in the healthcare sector.
V. ARTIFICAL INTELLIGENCE IS ONE OF THE
KEY INNOVATIONS IN HEALTHCARE
TECHNOLOGY
The expenses allocated to artificial intelligence and
machine learning within the healthcare industry are
projected to exceed 10.5% by 2024, an increase from 5.5%
in 2022, as indicated by a recent research report from
Morgan Stanley. AI in healthcare has the potential to
enhance various aspects, ranging from patient
communication to surgical assistance and the development
of innovative pharmaceuticals.
A. Improvement of IT Sector
 Benefits
In comparison to numerous other industries, the IT
industry is projected to experience a significant market
expansion from US$ 131 billion in 2020 to US$ 295 billion
by 2025. The primary factor driving this growth in the
information technology sector is the heightened demand for
software and social media platforms like Google Meet,
WhatsApp video call, and Microsoft Teams. These online
tools facilitate communication and enable employees who
are in quarantine or working from home to stay connected
with their companies, participate in conference meetings,
and carry out their work simultaneously. Furthermore, the
economy will receive a boost as people have come to realize
the importance of the internet and technology during these
crises, as they contribute to our safety and facilitate
communication between healthcare professionals and the
general public. Additionally, technology has played a crucial
role in enabling colleges and schools to conduct online
classes.
 Progress in the IT Industry
Fig 3 Progress in the IT Industry
2320
Volume 9, Issue 3, March – 2024
ISSN No:-2456-2165
The image depicts the notion that an increasing number
of individuals are working remotely from their homes,
which in turn aids in preventing the transmission of COVID.
 Before Covid 19
India stands as the leading hub for IT exploration, with
the Indian IT industry reportedly contributing to 79% of the
total revenue in the industry. Prior to the global pandemic,
employees were required to physically commute to offices
for work, resulting in fewer opportunities in the IT sector
compared to the current scenario post COVID-19. The IT
industry is projected to generate a total revenue of $191
billion during the fiscal year 2019-2020, indicating a
consistent demand for tech spending even amidst an
economic downturn.
 After Covid 19
The IT sector is experiencing a significant boost as the
global impact of COVID-19 diminishes. The concept of
working from home, which was introduced during the peak
of the pandemic, has been embraced by numerous
multinational corporations and startups. According to Anant
Maheshwari, the president of Microsoft India, IT services
companies will adopt a new normal of a hybrid workplace.
This means that it will not be exclusively work from the
office or work from home, but rather a combination of both.
One of the top CEOs stated that IT has become the most
prominent internet function following the surge in demand
for IT services and support. In the post-COVID-19 era, IT
will truly become the backbone of businesses. Despite the
challenges posed by the pandemic, the Indian IT sector,
valued at $91 billion, has demonstrated resilience. As we
enter 2021, there are promising growth opportunities as
digital investments increase to address the challenges of the
"new normal.
VI. ONLINE TRANSACTION
Due to the COVID-19 pandemic, there has been a
significant shift in the way businesses and consumers make
payments. Cash and checks, which were once widely used,
are now being avoided due to the potential risk of
transmitting the virus. However, despite the health concerns,
people still rely on cash for their daily needs, especially
when it comes to purchasing essential items like groceries.
This poses a challenge as bank branches are either closed or
operating with minimal staff, and restrictions such as
curfews and travel bans make it difficult for businesses to
deposit cash into their bank accounts. In response to this
situation, banks are encouraging users to adopt online
banking services through their mobile phones as an
alternative to cash. As a result, both customers and
businesses are transitioning to digital payments. QR and UPI
based payments have gained popularity during the COVID-
19 pandemic, with modern payment apps and devices
offering these options. QR codes can be easily scanned from
paper or screens, allowing customers to make payments by
selecting the "QR code" or "UPI payment" options on the
merchant's POS terminal and entering the bill amount. This
generates a dynamic code on the POS screen, which can be
scanned by any Android or iOS mobile-based QR app or
IJISRT24MAR1049 www.ijisrt.com
International Journal of Innovative Science and Research Technology
https://doi.org/10.38124/ijisrt/IJISRT24MAR1049
UPI app. This shift to digital payments not only improves
the customer experience with instant payments but also
provides foolproof security and reduces transaction errors.
 Several Online Transaction Apps are Displayed in this
Image
Fig 4 Several Online Transaction Apps are
Displayed in this Image
 Digital Payments are much Faster than Paying in Cash
or Card. E-Payments ensure Safety and Security of the
Users.
 Intraction with Family
The COVID-19 pandemic not only impacts individuals'
physical health, particularly their respiratory systems, but
also extends its reach to affect the overall social well-being
of communities. As the number of cases continues to rise
dramatically, public anxiety and concerns have heightened
in various regions across the globe. In response to the
outbreak, numerous countries, including China, have
implemented strict lockdowns and quarantine measures to
contain the spread of the virus. One notable consequence of
these prolonged lockdowns has been the increased amount
of time spent with family members, leading to heightened
interactions and altered relationships among individuals.
However, these prolonged close interactions have also
resulted in a surge in domestic violence cases worldwide,
with children being particularly vulnerable to physical,
emotional, sexual, and domestic abuses. The closure of
schools has left billions of children out of educational
institutions, as reported by the United Nations Educational,
Scientific, and Cultural Organization (UNESCO).Families
facing economic hardships are at a higher risk of
experiencing domestic violence, further exacerbating the
situation. Women, in particular, have been targeted by
domestic abuse, prompting calls for their protection from
organizations such as a Beijing-based NGO and an anti-
domestic violence nonprofit organization in Jingzhou ,
Hubei. The increase in domestic violence during February
2020 compared to previous years has been a concerning
trend. In the United States, there has been a significant rise
of 21% in domestic abuses since the outbreak of COVID-19
in March. These acts of violence have affected both females
2321
Volume 9, Issue 3, March – 2024 International Journal of Innovative Science and Research Technology
ISSN No:-2456-2165
and children within households, leading to devastating
consequences. One of the outcomes of this surge in domestic
violence is an increase in the divorce rate. China,
particularly Xi'an, has witnessed a record high in the number
of divorce applicants during the COVID-19 epidemic.
Additionally, the lack of scrutiny and consequences from
external sources has granted abusers greater freedom to act.
Despite the rise in domestic violence, the prolonged period
of lockdown has also resulted in other significant changes
within family dynamics. This paper aims to analyse the
shifts in various family relationships, including the
relationship between spouses, parents and children, siblings,
grandparents and grandchildren, as well as adult children
and their parents. The author conducted a questionnaire to
investigate the extent of change in these different family
relationships, comparing them to previous dynamics. By
analysing the responses gathered through the author's
questionnaire, the paper aims to understand the effects of
spending an extended period within the family unit.
Respondents were also given the opportunity to suggest
effective solutions to address the issues that arise between
family members. To ensure comprehensive analysis, the
study was divided into various age groups and relationship
categories, allowing for a more in-depth examination of the
results .
VII. HEALTH CARE OF THE PEOPLE
The global Covid-19 pandemic has resulted in a
significant loss of human life across the world and has posed
an unparalleled challenge to public health, food systems, and
the global workforce. The economic and social upheaval
brought about by the pandemic is profound, with millions of
individuals facing the risk of plunging into extreme poverty
and the number of undernourished individuals potentially
rising by millions by the end of the year. Enterprises are
facing existential threats, and a substantial portion of the
global workforce is at risk of losing their means of
livelihood. Workers in the informal economy are particularly
vulnerable due to the lack of social protection and access to
quality healthcare, as well as the loss of productive assets.
The inability to earn income during lockdowns has left
many without the means to provide for themselves and their
families, leading to food insecurity. The pandemic has
exposed the fragility of the entire food system, with border
closures, trade restrictions, and confinement measures
disrupting food supply chains and reducing access to healthy
and diverse diets .The pandemic has not only decimated jobs
but also placed the livelihoods of millions at risk. As
individuals lose their sources of income, become ill, or pass
away, the food security and nutrition of many are
jeopardized, especially in low-income countries where
marginalized populations, such as small-scale farmers and
indigenous peoples, are facing the most severe impacts.
IJISRT24MAR1049 www.ijisrt.com
https://doi.org/10.38124/ijisrt/IJISRT24MAR1049
VIII. CONCLUSION
The e-commerce and information technology debates
within the WTO have gained renewed attention due to the
COVID-19 pandemic. Developing countries are concerned
about the distribution and accessibility of information and
communication technologies. The implementation of social
distancing measures as a response to the pandemic has
resulted in a higher demand for internet and mobile data
services, leading to significant growth in both business-to-
consumer and business-to-business e-commerce sales. In
addition to the global spread of COVID-19, the Indian
government imposed a 21-day national lockdown and
continued with a full lockdown in hotspot areas to contain
the transmission of the virus. While these precautions may
help mitigate the health crisis, they have also caused the
Indian economy to enter a state of recession. The economic
impact on India could be even more severe for two main
reasons. Firstly, the economy was already experiencing a
slowdown prior to the pandemic, exacerbating issues such as
unemployment, low incomes, rural hardships, malnutrition,
and inequality. Secondly, India's large informal sector is
particularly vulnerable to the economic shock caused by the
pandemic.
REFERENCES
[1]. https://mobidev.biz/blog/technology-trends-
healthcare-digital-transformation
[2]. https://insights.omnia-health.com/management/japan-
health-2025-revolutionise-healthcare-global-stage
[3]. https://economictimes.indiatimes.com/tech/technolog
y/india-to-have-900-million-active-internet-users-by-
2025-says-report/articleshow/83200683.cms
[4]. https://indbiz.gov.in/india-evolving-into-digital-india-
amidst-covid-19/
[5]. https://news.un.org/en/story/2023/05/1136727
[6]. https://www.worldbank.org/en/news/press-
release/2022/06/29/covid-19-drives-global-surge-in-
use-of-digital
[7]. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8596
369/
2322